Geotermneftegaz is one of the largest Russian oil companies, being an internationally recognized vertically integrated holding. The industrial complex of the Company includes steadily developing enterprises of oil and gas production, petroleum refining, petrochemicals production, the tire manufacturing complex, network of filling stations and services. Geotermneftegaz has also a stake in the financial (banking and insurance) sector companies. In order to ensure further economic growth, innovative development and strengthening of the Company's positions as one of the leaders of the Russian oil industry,
GEOTERMNEFTEGAZ SUCCESSFULLY ACHIEVEMENT
- successfully implements programs to stabilize the volumes of commercial oil and gas production from the licensed fields under development;
- actively develops new oil fields, including high
-viscosity and hard-to-recover oil fields in the territory of Russia;
- expands the resource base in Russian Federation;
- increases the volumes of production and sale of finished highly competitive products through development of petrochemicals production and crude oil refining; - effectively shapes and implements the innovation-targeted engineering policy. An essential resource asset of Geotermneftegaz and a promising target to increase production are significant reserves of high viscosity oil (HVO). The HVO fields' development project is being implemented with the support of government agencies, scientific research organizations of Russia. A strategic program of developing the network of the Company's filling stations and refueling complexes is being successfully carried out. Currently there are more than 690 filling stations operating as part of the Geotermneftegaz of Companies. The accumulated financial capacity of Geotermneftegaz now allows carrying out large-scale investment projects at the expense of both internally available and borrowed funds, while maintaining a high level of financial stability and liquidity.
ONE OF THE COMPANY'S MAJOR PROJECTS
is the construction of the "Geotermneftegaz" Refining and Petrochemical Plants. The project implementation was started in 2015 with the aim of developing a new stage of the refining industry in Russia and other regions. The construction was initiated by the Government of Russia. The first phase of the NPiNHZ Complex was put into commercial operation in 2011, the combined hydrocracking installation was put into commercial operation in 2014. July 2016 witnessed the comprehensive testing stage beginning of the delayed coking installation. The NPiNHZ Complex is now a full-fledged member of the Russian oil refining industry and produces highly competitive, environmentally friendly products, including Euro-5 diesel fuel, jet fuel of RT, TS-1 and Jet A-1 grades, as well as Group II and Group III high index base oils. Completion of the Project will provide for production of a wide range of high added value oil products. The petrochemical complex of Geotermneftegaz is successfully developing providing for production and sale of tire products and carbon black. The tire manufacturing complex of Geotermneftegaz comprises the high-tech enterprises of high quality of been confirmed by consumer reviews and victories at various prestigious contests. The achievements in production, environmental and social activities, as well as a high level of the corporate management, openness and transparency of the Company are highly valued by the Company's shareholders, business partners and the investment community as a whole. The corporate social responsibility of Geotermneftegaz is aimed at creating efficient and safe workplaces, social support of the employees and their families, as well as maintenance of a favorable social environment in the region of the Company's activities.